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20121003
20121003
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. >>> joining us now is steven engler. i want to bring up first the sterling, because we've seena just a little bit of movement in that trade today after what's been fairly stable trade for the currency of late, this on the back of some of the uk services number showing some weakening out there among corporations. do you think this was a reason to sell today? >> well, i think sterling is a very troubled currency. i mean, you have to understand that it's been trading very close wli the euro in between the euro and the dollar. it's a very weak economy after years of low interest rates, after quantitative easing, an exchange range that's depreciated a lot over the last three or four years relative to everyone else. and the fact that the economy is so weak right now, i think is a very negative signal for the market. and for investors with respect to sterling. it will do well against the dollar if the euro goes up, but on its own i think it's going to underperform. >> i want to take a look at the euro. about a tenth of a percent. it doesn't seem to be struggling too much. the services number was bet
about the stock market. perhaps to find their own therapeutics. seventh, i would appoint a steven jobs memorial competitiveness czar to figure out how our businesses could be made more speft and find out what they need. not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a q
demand is going to come from. >> all right. steven, one thing we are expecting from these quarterly numbers is a contraction in earnings. they are expected to be negative for the third quarter. i expect it to bounce back in the fourth quarter. wrote are you expecting any big blowups? we saw norfolk southern, caterpillar, these large multinationals that are disappointing. what's on the horizon? >> we are zfdefinitely in a maturing earnings cycle. i think earnings will come in line with expectations that have been reduced dramatically. i think more importantly than the earnings may well be the top line revenue. so analysts are going to get out a microscope, be looking at revenues to see what's happening there. this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this marke
a question here? way, way in the back, is there a microphone in that last row there? >> steven call, university of maryland. is it important for the united states to abide by international law and liberal international order and is there a way the united states could use military force against iran's nuclear program without u.n. approval and be in compliance with international law? >> who wants to take that? want to take it. >> i will take it but don't want to be droning on and on. >> then speak briefly. >> i will speak briefly. the united states, first of all, you know you can go through a lot of presidents going back to including bill clinton obviously who took military action in kosovo in that case without a u.n. security council mandate and, barack obama ran and says repeatedly that he does not consider the united states bound by to pursue its interests bound by u.n. security council resolutions. merge has i would say am by lept attitude toward international law. we are in some respects the greatest spokesman sometimes for international law but throughout our history and through
of the have i. we'll see how it plays out. steven, appreciate your time. >> likewise. >>> keep those tweets coming. the journal says bald men have the advantage in business according to a study at the university of pennsylvania's what a wharton school. what do the balds abouts know that we don't have? it's@squawk street. e want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment?t, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. zagat just gave hertz its top rating in 15 categories, including best overall car rental.
on the consulate resulted in the death of the american ambassador christopher stevens and three others. these images echo the worst -- the recall those moments in 1979 with the taking of american hostages at the embassy in iran. u.s. taxpayers gave an enormous $1.6 billion to egypt, which is now run by a former member of the muslim brotherhood. should the u.s. give up foreign aid to these nations, mr. sadler? >> no. not now, we have a fledgling government being formed a. with egypt withholding funds, the editorial board agreed is time for us to stop the old on that aid. -- to stop the hold on that day. it is in our best interests to stay involved. if we do not stay involved, russia, china, and other countries with in this world will i do not think to cut off the aid. >> mr. cruz? >> this is another area of clear disagreement. we should not be funding those who are contrary to our interest. the only justification for continuing that aid or any portion of it is it to protect national security interests of the united states. we should use that aid as extensive leverage to protect national
Search Results 0 to 5 of about 6